The credit terms $2/10,$ n$/30$ are interpreted as:

$4$

points

$00$:$59$:$55$

Multiple Choice

$62\%$ discount if paid within $30$ days.

$30\%$ discount if paid within $10$ days.

$2\%$ cash discount if the amount is paid within $10$ days, or the full balance due in $30$ days.

$10\%$ cash discount if the amount is paid within $2$ days, or the full balance due in $30$ days.